After 9 hours of consolidation, retracing from the daily low 126.40 to a high of 128.30, the previous multi-day downtrend is back.  With the market ready to close for 3/30 at this point it may be wise to just wait until the opening of the Asian session in a few hours to ensure that the down trend confirms across the new trading day.

Recommendation:

Shortly after the market opens for the last day of the month, look for the down trend to be confirmed before placing a short position.

Long positions in EURJPY are discouraged given the speed of movement the last several days.

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